business

VISA

VISA

VISA INFORMATION As part of its ‘Abenomics’ strategy, the Japanese government is planning to allow highly skilled foreigners to stay in the country for up to 8 years. When this takes effect, Japanese companies would be able to apply for permission to invite skilled workers to Japan, particularly if they…

WHY JAPAN?

WHY JAPAN?

TPP Opportunities for Small and Medium Sized Companies What does TPP mean to entrepreneurs? What does it even stand for? TPP stands for ‘Trans-Pacific-Partnership’, which refers to the alliance of various countries under a treaty—much like the European Union. Many entrepreneurs find it difficult to spot opportunities because of the…

TAX

TAX

CLIENT ENTERTAINMENT You may be able to deduct client entertainment costs from your company’s taxable income if you meet certain criteria. In Japan, it is common to see drunk ‘salarymen’ (business workers) slouched over the restaurant table with their work-tie tied around their forehead. Surprisingly, gatherings like these are actually…

SKILLS

SKILLS

Having a unique business concept and good funding certainly makes running a business easier. However, these may not even be that important if you are gifted with a wealth of skills. As long as you can provide a better service at cheaper price, that may be enough to make you…

FOREIGN BUSINESSES

FOREIGN BUSINESSES

Foreign businesses in Japan The biggest ethnic minority population in Japan until 2007 was Korean, with many of them being naturalised Japanese citizens. The most famous companies owned by Korean/Korean Japanese are: Lotte (Food manufacturing) and MK Taxi (Transportation). Currently, the biggest ethnic minority population in Japan is Chinese. Yokohama’s…

INTERVIEWS

INTERVIEWS

An interview with Chris Kirkland, co-founder of Tokyo Cheapo – ‘the ultimate guide to Tokyo’ – https://tokyocheapo.com. We have some inspiring success stories of non-Japanese businesses and want to share their experiences with you. Tell me a bit about Tokyo Cheapo. Tokyo Cheapo is a guide to Tokyo, covering everything…

FINANCE

FINANCE

Managing Your Finances There are two elements to a business’s finances: the start-up fund (i.e. capital) and purpose (profit). If you are starting up a shop on the street, you will need to have enough start-up capital to cover both the deposit for the commercial lease and to be able…

RECENT INVESTMENT

RECENT INVESTMENT

Who Invested in Japan recently? The UK-based Legatum Institute ranked Japan as the 22nd most prosperous country in the world in 2015. The most prosperous country according to their report is Sweden, followed by Denmark in 2nd and Switzerland in 3rd. The UK is ranked 6th, the USA is 11th,…

IDEAS

IDEAS

Business Ideas The cynical may say there is nothing new under the sun, that anybody can have good business ideas, or that there are more important things to a business such as creating a sustainable system, getting funds or developing skills. Regardless of what they say, good ideas can open…